Today was about working with a budget. We learned that Frank has a budget for building a house. He received bids from two contractors. Our goal was to determine which bid was the best. To do this we:
- Estimated the total of each bid to see who we thought we be most under budget.
- Found the actual cost of each bid.
- Compared the differences between the budgeted amount and the actual bids.
- Used our information to make an informed decision concerning which contractor to use and wrote a summary.
If your child did not complete this in class, they are probably just having to finish the summary tonight for homework.